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Algo Mall inquiry continues
The inquiry into the deadly mall collapse in Elliot Lake has learned a deal to sell the ill-fated mall in 2011 fell through at the last minute.
The son of the mall’s owner, Levon Nazarian, says the Royal Bank initially agreed to waive a huge financial penalty for repayment. But it then changed its position, making the mall “impossible” to sell.
Nazarian is denying he told the buyer the mall’s roof was fine. This is the third day Nazarian is testifying before the inquiry into the mall collapse that killed two women last summer.
